Growth Opportunities for Personal Protective Equipment in Global Electric Vehicles

Growth Opportunities for Personal Protective Equipment in Global Electric Vehicles

Rapid Automotive Electrification and Need for Sustainable Solutions to Shape Future Growth Potential for PPE across the Value Chain

RELEASE DATE
17-Feb-2022
REGION
Global
Research Code: K6C6-01-00-00-00
SKU: PP00214-GL-MT_26282
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Description

This research presents an assessment of the current status of and future prospects for personal protective equipment (PPE) in the global electric vehicles (EVs) industry. Revenue forecasts and analyses cover 4 regions: North America, Asia-Pacific, Europe, and the Rest of the World ([ROW] Middle East, Africa, and Latin America). This study quantifies the revenue generated from PPE sold into the global EVs industry between 2018 and 2026. Revenue is recorded in US dollars ($) and is accounted for at the manufacturer level.

The inherent complexity associated with EV-specific components, including battery-packs and high-voltage lines, exposes workers to significant incremental occupational safety hazards across the value chain. For the purposes of this research, PPE in the EVs industry is classified as a product that is worn to protect the worker from hazards (thermal, electrical, and chemical, among others). The product segments include above the neck protection, respiratory protection, protective clothing, hand protection, foot protection, fall protection, and gas detection. The analysis focuses on both conventionally used offerings and those that will increasingly become the norm, owing to a shift in vehicle architecture and changes in both components and materials used across the value chain.

The highly regulated automotive industry is characterized by well-established safety practices, standard operating procedures, guidelines, and standards. However, the pronounced shift toward eMobility involves, among other things, adapting the existing assembly lines and accommodating and/or replacing certain conventional operations (engine and exhaust system assembly) with those that involve the handling and/or assembling of high-voltage battery packs.

This shift in vehicle powertrain architecture will augur well for higher-value PPE, such as insulated rubber gloves and arc flash protective clothing, among others. While automotive manufacturing/assembly operations dominate the demand for PPE in the EVs industry, the nearly four-fold increase in global EV parc coupled with proliferation of charging stations will offer robust growth opportunity in the aftermarket repair and maintenance segment.

In terms of revenue, the foot protection and hand protection segments collectively composed 53.3% of the total estimated market revenue in 2021. Moreover, the latter will register the fastest revenue growth rate during the forecast period, driven primarily by the need for insulating gloves mandated for use while handling high-voltage components.

Geographically, APAC dominates both supply and demand for EVs as well as capacities across the value chain, but the need for self-reliance in the EV value chain has prompted the European Union to adopt an aggressive blueprint to strengthen it capabilities across the value chain.

Frost & Sullivan analysis indicates that the global PPE in EVs industry is slated to register robust double-digit growth of about 25.1% in terms of revenue from 2021 to 2026.

Author: Gautam Rashingkar

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Personal Protective Equipment (PPE) in the Electric Vehicles (EVs) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Key Findings

Market Segmentation

PPE in the EVs Industry, Product Segmentation

Market Overview

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Impact of Automotive Electrification on PPE Needs

Impact of Automotive Electrification on PPE Needs (continued)

Li-ion Battery Production Capacity Snapshot

Electric Vehicle Sales Snapshot

Electric Vehicle Parc Snapshot

Global Regulatory Compliance and Standards

EVs Value Chain

EVs Value Chain—Li-ion Battery Manufacturing Process Overview

EVs Value Chain—Li-ion Battery Manufacturing Process Flow

EVs Value Chain—Battery Pack & EV Assembly Process Flow

Key Growth Metrics for PPE in EVs

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast by Product

Revenue Forecast Analysis by Product

Percent Revenue Forecast by Product

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Attractiveness Analysis by Product

Percent Revenue Forecast by Region

Revenue Forecast by Application

Revenue Forecast Analysis by Application

Percent Revenue Forecast by Application

Revenue Forecast by Application, Regional Snapshot

Attractiveness Analysis by Application and Region

Competitive Environment

Competitive Analysis

Key Competitors

Key Competitors (continued)

Key Growth Metrics for Above the Neck Protection

Revenue Forecast, Above the Neck Protection

Revenue Forecast Analysis, Above the Neck Protection

Revenue Forecast by Region, Above the Neck Protection

Revenue Forecast Analysis by Region, Above the Neck Protection

Percent Revenue Forecast by Region, Above the Neck Protection

Revenue Forecast by Sub-Segment, Above the Neck Protection

Revenue Forecast Analysis by Sub-Segment, Above the Neck Protection

Percent Revenue Forecast by Sub-Segment, Above the Neck Protection

Competitive Environment, Above the Neck Protection

Competitive Analysis, Above the Neck Protection

Key Growth Metrics for Respiratory Protection

Revenue Forecast, Respiratory Protection

Revenue Forecast Analysis, Respiratory Protection

Revenue Forecast by Region, Respiratory Protection

Revenue Forecast Analysis by Region, Respiratory Protection

Percent Revenue Forecast by Region, Respiratory Protection

Revenue Forecast by Sub-Segment, Respiratory Protection

Revenue Forecast Analysis by Sub-Segment, Respiratory Protection

Percent Revenue Forecast by Sub-Segment, Respiratory Protection

Competitive Environment, Respiratory Protection

Competitive Analysis, Respiratory Protection

Key Growth Metrics for Hand Protection

Revenue Forecast, Hand Protection

Revenue Forecast Analysis, Hand Protection

Revenue Forecast by Region, Hand Protection

Revenue Forecast Analysis by Region, Hand Protection

Percent Revenue Forecast by Region, Hand Protection

Revenue Forecast by Sub-Segment, Hand Protection

Revenue Forecast Analysis by Sub-Segment, Hand Protection

Revenue Forecast by Sub-Segment, Hand Protection

Competitive Environment, Hand Protection

Competitive Analysis, Hand Protection

Key Growth Metrics for Protective Clothing

Revenue Forecast, Protective Clothing

Revenue Forecast Analysis, Protective Clothing

Revenue Forecast by Region, Protective Clothing

Revenue Forecast Analysis by Region, Protective Clothing

Percent Revenue Forecast by Region, Protective Clothing

Revenue Forecast by Sub-Segment, Protective Clothing

Revenue Forecast Analysis by Sub-Segment, Protective Clothing

Percent Revenue Forecast by Sub-Segment, Protective Clothing

Competitive Environment, Protective Clothing

Competitive Analysis, Protective Clothing

Key Growth Metrics for Foot Protection

Revenue Forecast, Foot Protection

Revenue Forecast Analysis, Foot Protection

Revenue Forecast by Region, Foot Protection

Revenue Forecast Analysis by Region, Foot Protection

Percent Revenue Forecast by Region, Foot Protection

Competitive Environment, Foot Protection

Competitive Analysis, Foot Protection

Key Growth Metrics for Others (Gas Detection, Fall Protection)

Revenue Forecast, Others (Gas Detection, Fall Protection)

Revenue Forecast Analysis, Others (Gas Detection, Fall Protection)

Revenue Forecast by Region, Others (Gas Detection, Fall Protection)

Revenue Forecast Analysis by Region, Others (Gas Detection, Fall Protection)

Competitive Environment, Others (Gas Detection, Fall Protection)

Growth Opportunity 1—Aftermarket Repair & Maintenance, Charging Infrastructure, and EOL Management Services

Growth Opportunity 1—Aftermarket Repair & Maintenance, Charging Infrastructure, and EOL Management Services (continued)

Growth Opportunity 2—Strong Growth in Battery and EV Manufacturing to Drive Growth in European Market

Growth Opportunity 2—Strong Growth in Battery and EV Manufacturing to Drive Growth in European Market (continued)

Growth Opportunity 3—Value-added PPE Products for Specific Operations across Applications

Growth Opportunity 3—Value-added PPE Products for Specific Operations across Applications (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
This research presents an assessment of the current status of and future prospects for personal protective equipment (PPE) in the global electric vehicles (EVs) industry. Revenue forecasts and analyses cover 4 regions: North America, Asia-Pacific, Europe, and the Rest of the World ([ROW] Middle East, Africa, and Latin America). This study quantifies the revenue generated from PPE sold into the global EVs industry between 2018 and 2026. Revenue is recorded in US dollars ($) and is accounted for at the manufacturer level. The inherent complexity associated with EV-specific components, including battery-packs and high-voltage lines, exposes workers to significant incremental occupational safety hazards across the value chain. For the purposes of this research, PPE in the EVs industry is classified as a product that is worn to protect the worker from hazards (thermal, electrical, and chemical, among others). The product segments include above the neck protection, respiratory protection, protective clothing, hand protection, foot protection, fall protection, and gas detection. The analysis focuses on both conventionally used offerings and those that will increasingly become the norm, owing to a shift in vehicle architecture and changes in both components and materials used across the value chain. The highly regulated automotive industry is characterized by well-established safety practices, standard operating procedures, guidelines, and standards. However, the pronounced shift toward eMobility involves, among other things, adapting the existing assembly lines and accommodating and/or replacing certain conventional operations (engine and exhaust system assembly) with those that involve the handling and/or assembling of high-voltage battery packs. This shift in vehicle powertrain architecture will augur well for higher-value PPE, such as insulated rubber gloves and arc flash protective clothing, among others. While automotive manufacturing/assembly operations dominate the demand for PPE in the EVs industry, the nearly four-fold increase in global EV parc coupled with proliferation of charging stations will offer robust growth opportunity in the aftermarket repair and maintenance segment. In terms of revenue, the foot protection and hand protection segments collectively composed 53.3% of the total estimated market revenue in 2021. Moreover, the latter will register the fastest revenue growth rate during the forecast period, driven primarily by the need for insulating gloves mandated for use while handling high-voltage components. Geographically, APAC dominates both supply and demand for EVs as well as capacities across the value chain, but the need for self-reliance in the EV value chain has prompted the European Union to adopt an aggressive blueprint to strengthen it capabilities across the value chain. Frost & Sullivan analysis indicates that the global PPE in EVs industry is slated to register robust double-digit growth of about 25.1% in terms of revenue from 2021 to 2026. Author: Gautam Rashingkar
More Information
No Index No
Podcast No
Author Gautam Rashingkar
Industries Personal Protective Equipment
WIP Number K6C6-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9310,9595